The diesel price benchmark used for setting most fuel surcharges is getting closer to a number it has not seen for about 15 months.
With a 5.9-cent decline posted Monday, the latest Department of Energy/Energy Information Administration price of $4.018 a gallon just needs another drop next week of 1.9 cents to fall to less than $4. The last time the weekly price came in at less than $4 was Feb. 7, 2022, just a few weeks before Russia invaded Ukraine and set off a wild ride in oil markets that in the past few months has returned to some sense of normalcy.
